PTRN · Pattern Group Inc. Series A Common Stock

Pattern Group Inc. delivered exceptional Q1 2026 results, with revenues surging 43% year over year to a record $774 million, driven by broad-based strength across existing brand partners and significant expansion in non-Amazon and international channels. Non-Amazon revenue more than doubled to $71 million (119% YoY growth), while international revenue reached $90 million (101% YoY), highlighting successful diversification beyond Amazon. The record Net Revenue Retention (NRR) of 127%, up from 115%, underscores the platform's ability to deepen relationships and accelerate growth for existing brands, as emphasized by CEO Dave Wright: 'Revenue grew 43%, NRR reached a record 127%, and both international and non-Amazon revenue more than doubled year over year.' GAAP net income rose 28% to $29 million, with diluted EPS of $0.16, reflecting improved operating leverage despite higher operating expenses. Adjusted EBITDA hit $54 million, up 59% YoY, signaling robust profitability. Operating cash flow for the quarter was $73 million, contributing to TTM operating cash flow of $124 million (up 57% YoY) and free cash flow of $99 million (up 69% YoY). The balance sheet strengthened, with cash equivalents at $344 million as of March 31, 2026. Management raised full-year 2026 guidance to $3.29-$3.33 billion in revenue (32-33% growth, up from prior 25-26%) and $199-$201 million Adjusted EBITDA (30-32% growth), with Q2 outlook at $810-$820 million revenue and $45-$46 million Adjusted EBITDA. CFO Jason Beesley noted 'meaningful outperformance driven by broad-based strength,' positioning the company strongly amid AI-driven ecommerce complexity. This execution at scale, fueled by proprietary technology and 77 trillion data points, enhances investor confidence in sustained momentum.